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Goldman Sachs quietly resets oil price forecast for 2027
TheStreet75d agoneutral
Goldman Sachs quietly resets oil price forecast for 2027

Oil’s war premium just got served a big haymaker on June 12, following reports that U.S. and Iranian officials had agreed on a peace-deal text, according to The Washington Post. Naturally, that raised hopes that the Strait of Hormuz could reopen, a major artery for global oil supplies. ...

Citi resets AMD stock price target on key move
TheStreet75d agoneutral
Citi resets AMD stock price target on key move

For months, one of Wall Street's most closely watched chip analysts held a skeptical line on AMD while the stock rode the broader AI rally. On June 12, that changed. Citi analyst Atif Malik upgraded AMD to Buy from Neutral and raised his price target to $575 from $460, and shares jumped 4.73% the ...

5 things Oracle's CEOs want you to know
TheStreet75d agoneutral
5 things Oracle's CEOs want you to know

Oracle just wrapped its fiscal year 2026 with record quarterly revenue of $19.2 billion, up 21% year-over-year (YoY), and its leadership team used the June 10 earnings call to send a clear message to investors: the biggest growth is still ahead. Cloud infrastructure revenue surged 93% in the ...

American Airlines to restart flight to banned destination
TheStreet75d agoneutral
American Airlines to restart flight to banned destination

Despite pumping significant resources into developing Labadee into a private port stop and resort, cruise line giant Royal Caribbean has not stopped in the port along Haiti's northern coast since 2024. While Labadee is essentially a gated community that is located 100 miles away from the capital of ...

Cathie Wood may have timed her Elon Musk bet just right
TheStreet75d agoneutral
Cathie Wood may have timed her Elon Musk bet just right

On June 12, SpaceX turned one of Wall Street’s hottest listings into a full-blown market event. Investors were bracing for a choppy debut, given its enormous valuation, heavy Musk premium, and questions about whether a rocket-and-satellite company could justify AI-stock-style pricing. Instead, ...

Closed Rite Aid stores get surprising retail replacement
TheStreet75d agoneutral
Closed Rite Aid stores get surprising retail replacement

When Rite Aid, a major pharmacy retailer, filed for Chapter 11 bankruptcy a second time in 2025, it led to the shuttering of its 1,250 locations. Over time, many were sold to competitors like CVS and Walgreens, and some spaces were taken up by retailers such as Kroger and Albertsons. But some ...

Aldi expands to key area Costco can’t get into
TheStreet75d agoneutral
Aldi expands to key area Costco can’t get into

If checking out at the supermarket makes you sort of queasy these days, you're not alone. A lot of people are feeling the sting of higher grocery prices, which explains why retailers like Aldi and Costco are having a moment. In May, grocery prices rose 2.7% on an annual basis, according to ...

Big name takes on Coke and Pepsi with Target-exclusive soda
TheStreet75d agoneutral
Big name takes on Coke and Pepsi with Target-exclusive soda

Arguably, you can blame Ryan Reynolds and maybe Sammy Hagar. Those two celebrities showed that unrelated fame could help launch a beverage brand. In Hagar's case, at least his music and image ties him logically to his tequila brand, while in Reynolds' case, he turned Aviation Gin into a massive hit ...

The Stock Market Survived the SpaceX IPO. What to Watch for Next.
Barrons.com75d agoneutral
The Stock Market Survived the SpaceX IPO. What to Watch for Next.

The SpaceX initial public offering didn’t mean all that much to the stock market this past week—but it could mark the start of the countdown to the end of the bull market sometime in the year ahead. SpaceX, which began trading on Friday, was the market’s focus this past week. It is the biggest IPO in history; it’s building a business that seems based on a sci-fi novel; and it’s led by a controversial CEO in Elon Musk, who attracts attention—good and bad—wherever he goes.

Zscaler CEO delivers a sharp take on AI agents
TheStreet75d agoneutral
Zscaler CEO delivers a sharp take on AI agents

Most cybersecurity CEOs, if not every other, are talking about Artificial Intelligence (AI) agents right now. And we are seeing most of them often use the same vague language about "securing the future of work." Well, Jay Chaudhry looks like he’s different. Speaking on CNBC's "The Exchange" on June ...